T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Truist Financial Corp

Truist Financial Corp grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461,308 shares of the Wireless communications provider's stock after buying an additional 14,769 shares during the quarter. Truist Financial Corp's holdings in T-Mobile US were worth $123,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Godsey & Gibb Inc. raised its holdings in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares during the period. Rakuten Securities Inc. raised its holdings in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 62 shares during the period. CoreFirst Bank & Trust bought a new position in T-Mobile US in the 4th quarter worth $28,000. Adirondack Trust Co. raised its holdings in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares during the period. Finally, City Holding Co. raised its holdings in T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares during the period. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. raised their price target on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Tigress Financial raised their price target on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a report on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $257.68.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $237.89, for a total value of $16,614,237.60. Following the completion of the transaction, the director owned 647,800,524 shares in the company, valued at approximately $154,105,266,654.36. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 628,560 shares of company stock valued at $144,455,659 over the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

NASDAQ:TMUS traded up $2.89 during mid-day trading on Friday, hitting $240.31. The company's stock had a trading volume of 1,998,845 shares, compared to its average volume of 4,099,274. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The stock has a market cap of $272.86 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.32 and a beta of 0.62. The business's fifty day moving average is $238.63 and its two-hundred day moving average is $243.13.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period in the prior year, the company earned $2.00 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. Analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.